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2024-09-25 12:09:14
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finance.yahoo.com on Nostr: Bullet points of 2 Unstoppable Dividend Stocks to Buy If There's a Stock Market ...

Bullet points of 2 Unstoppable Dividend Stocks to Buy If There's a Stock Market Sell-Off
- The S&P 500 index is heading for a 19% gain in 2024, confirming its presence in a bull market, but headwinds can arise, and it's essential to load up on dividend stocks that can limit losses during market downturns.
- Johnson & Johnson is a Dividend King with a 60-year history of raising its dividend, and it has the financial strength to continue paying and raising its dividend, offering a 3% dividend yield.
- Johnson & Johnson's diversified portfolio of medicines and medical devices provides a safety net during market downturns, and its recent spin-off of its consumer health business has allowed it to focus on its innovative medicines and medtech divisions.
- Abbott Laboratories is another Dividend King with a 52-year history of raising its dividend, and it has the financial strength to continue along this path, offering a 1.9% dividend yield.
- Abbott Laboratories has a diversified portfolio across four segments, which helps to mitigate the impact of headwinds in one business, and its deep pipeline of new growth opportunities keeps growth going.
- Investing in Johnson & Johnson or Abbott Laboratories can provide passive income and earnings strength over time, making them unstoppable dividend stocks to buy if there's a stock market sell-off.
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